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Book 1

This document discusses several papers related to analyzing risk and return characteristics in stock markets and investments. It references papers on analyzing risk and return of quoted firms in Nigeria and India, evaluating the capital asset pricing model, examining the risk-return tradeoff in human capital investment, and empirical studies finding that smaller valued stocks are less risky than larger growth stocks. It also discusses measures developed by Treynor and Sharpe for evaluating fund performance based on reward to volatility and variability.

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farah gohar
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32 views

Book 1

This document discusses several papers related to analyzing risk and return characteristics in stock markets and investments. It references papers on analyzing risk and return of quoted firms in Nigeria and India, evaluating the capital asset pricing model, examining the risk-return tradeoff in human capital investment, and empirical studies finding that smaller valued stocks are less risky than larger growth stocks. It also discusses measures developed by Treynor and Sharpe for evaluating fund performance based on reward to volatility and variability.

Uploaded by

farah gohar
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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PAPER

Analysis of the Risk-Return Characteristics of the Quoted Firms in the Nigerian Stock Market Abdullahi Ibrahim Bello Department of Accounting and Finance University of Ilorin

A Study on Comparative Analysis of Risk and Return with reference to Selected stocks of BSE index, India.P.Karthika

An Empirical Evaluation of the Capital Asset Pricing Model


Blake Taylor

The Risk-Return Trade-Off in Human Capital Investment*JEL Classification: I21, J24

1
Oludoyi 2003 opinion that the risk & return of securities is different because of different factors affceting securitties, different sectors in which they operate ,the state of the economy, government policies as well as internal corporate policies.

2
Akingunola (2007) studied capital Asset Pricing Model (CAPM) and His findings confirmed the importance of reward volatility analysis in security investment decision and management.

Jensen s (1968) devised a measure based on CAPM and reported that mutual funds did not appear to achieve abnormal performance when transactions cost were considered.

Richard Roll 1977 asserted that the CAPM holds theoretically but is hard to test empirically since stock indexes and other measures of the market are poor proxies for the CAPM variables.

Fama and Schwert (1977) Treating human capital investments separately from financial investments complies with the early empiricalfindings that human capital does not influence the findings regarding stock returns in the CAPM framework, cf

3
Girard & Sinha (2008) studied risk and return in the next frontiers They found that small and valued stocks are less risky investment avenues than large and growth stocks.

4
Battilossi & Houpt (2006) examined risk, return and volume. He found strong evidence in favor of auto correlation and impact of trading volumes on returns.

Treynor (1965) developed a methodology for evaluating the fund performance called reward to volatility measure

Sharpe (1966) developed reward to variability measure

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